Sep 22, 2018
What is MFL and how does it work?
Sep 26, 2018
Dear Gideon, I hope I can get you better informed about MFL.
How does the Members Loan Fund (MLF) work?
One-time membership fees paid with members' first loans, and credit risk payments paid with each loan, are credited to the Members Loan Fund. The Members Loan Fund is used to compensate lenders for any loans that default.
Our goal is always to enable as many trustworthy people as possible to raise as much as they usefully can. The Members Loan Fund helps ensure that our lending program is financially sustainable, so that our members can continue to raise loans over the long term.
For more questions, click here: www.zidisha.org/faq#borrowi...
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